QSR - Dunkin' Sandwich Deal: Another Win for Beyond Meat
An expanded deal with Dunkin', a leading baked goods and coffee chain owned by Dunkin' Brands (NASDAQ: DNKN) and formerly known as Dunkin' Donuts, is the latest in a string of victories for plant-based meat substitute company Beyond Meat (NASDAQ: BYND).
Following a successful market test of a meat-alternative breakfast sandwich in Manhattan Dunkin' locations in July, Dunkin' Brands announced this week it would be accelerating the schedule for the release of the sandwich to over 9,000 Dunkin' locations. Sales of the breakfast sandwich doubled company expectations during the limited trial at 163 locations.
Here are the details investors in both companies and those looking to invest should be aware of.